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Net Lease Retail along US HWY 1 in Ft. Pierce 2402 S US Highway 1 3,260 SF Retail Building Fort Pierce, FL 34982 $1,699,000 ($521.17/SF)
INVESTMENT HIGHLIGHTS
- Net Lease Investment with national retail brand and multiple years remaining on Lease
- Prime corner location along US Hwy 1 in Fort Pierce
- Surrounded by other national retail brands including Dunkin’, Jersey Mike’s, Publix, WaWa, CVS & Chase
- Annual Rent Increases
- Over 35,000 vehicles per day
- Ample opportunity for future development or repositioning
EXECUTIVE SUMMARY
Net lease retail investment opportunity along S. US Hwy 1 in the heart of Fort Pierce. In-place cash flow generated by a multi-year lease with national retail brand Tuff Shed. Prime corner location – 125’ of frontage along S. US Hwy 1 - optimal exposure with more than 35,000 vehicles per day. Surrounded by other national retailers including Dunkin’, Starbucks, Dutch Brothers Coffee, WaWa, Publix, Jersey Mike’s, CVS, and Chase Bank. Zoning is C3 General Commercial providing ample opportunity for future development or repositioning.
This property may also be purchased as part of a multi-parcel commercial portfolio which includes 303 Indian Hills Drive (3-unit residential triplex building), and 330 Indian Hills Drive (Fleet parking / storage facility). Please see the Offering Memorandum attached for details regarding the portfolio.
This property may also be purchased as part of a multi-parcel commercial portfolio which includes 303 Indian Hills Drive (3-unit residential triplex building), and 330 Indian Hills Drive (Fleet parking / storage facility). Please see the Offering Memorandum attached for details regarding the portfolio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,260 SF
Building Class
C
Year Built
1944
Price
$1,699,000
Price Per SF
$521.17
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.51 AC
Zoning
C3 - General Commercial - C3 - General Commercial
Frontage
125’ on S US Hwy 1
AMENITIES
- Corner Lot
- Signage
- Storage Space
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Manufacturing
- -
- -
- -
Tuff Shed is a true American original, beginning in the west in 1981 with one man’s dream of designing, fabricating and installing quality backyard buildings for customers. Four decades later, Tuff Shed is an industry leader, now serving customers throughout much of the United States. Their dedication to quality, helpful design consultants, and network of local factories and installers, make it easy for their customers to get the Tuff Shed building that’s best for their needs.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Manufacturing | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-22-601-0004-0005 | Improvements Assessment | $323,800 |
| Land Assessment | $167,200 | Total Assessment | $491,000 |
PROPERTY TAXES
Parcel Number
24-22-601-0004-0005
Land Assessment
$167,200
Improvements Assessment
$323,800
Total Assessment
$491,000
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Net Lease Retail along US HWY 1 in Ft. Pierce | 2402 S US Highway 1
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